Over the past one month, President Goodluck Jonathan has spoken three times in defense of the national automotive policy introduced by his administration late last year.
From the various comments by the President, he sounded convinced beyond reasonable doubts that the new policy is good for Nigeria and Nigerians. His very simple argument is that it will boost local production of automobiles, reduce importation of vehicles, conserve foreign exchange and create employment for Nigerians.
Yes the policy has the potential of doing so but I believe, as many other Nigerians, that implementation of the policy at this time is premature. It will have a counter effect and lead to revenue leakage for this country.
Truth is that many are not convinced by President Goodluck Jonathan’s assurance that Nigerians stand to benefit from immediate implementation of the policy approved last year by the Federal Executive Council (FEC) even as he stated that its aim was not to inflict pains on them.